Jersey Electricity (LON:JEL) Stock Passes Above Two Hundred Day Moving Average – What’s Next?

Jersey Electricity plc (LON:JEL)’s stock price crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 443 ($5.50) and traded as high as GBX 448 ($5.57). Jersey Electricity shares last traded at GBX 448 ($5.57), with a volume of 290 shares.

Jersey Electricity Price Performance

The company has a debt-to-equity ratio of 13.55, a quick ratio of 2.90 and a current ratio of 3.57. The company has a fifty day moving average price of GBX 435.45 and a two-hundred day moving average price of GBX 442.76. The company has a market cap of £51.80 million, a P/E ratio of 1,202.70 and a beta of 0.18.

Jersey Electricity Increases Dividend

The business also recently declared a dividend, which will be paid on Friday, March 14th. Shareholders of record on Thursday, February 20th will be given a dividend of GBX 12 ($0.15) per share. This is a positive change from Jersey Electricity’s previous dividend of $8.40. The ex-dividend date of this dividend is Thursday, February 20th. This represents a dividend yield of 2.73%. Jersey Electricity’s payout ratio is 5,405.41%.

About Jersey Electricity

Jersey Electricity plc, together with its subsidiaries, engages in the generation, transmission, distribution, and supply of electricity in Jersey. The company provides energy solutions for domestic and commercial customers looking to switch from fossil-fuel-based energy to clean and low-carbon electricity; and electric heating and hot water, electric transport, outdoor and indoor lighting, electric commercial kitchens, air conditioning, renewable energy, and CosyCare maintenance solutions.